By 
By Lwazi Dlamini
he Public Service Pension Funds (PSPF) has reaffirmed its commitment to national development and the socio-economic well-being of Eswatini by investing a staggering E16 billion locally.
The investment has been made in governments bonds, shares and projects. Some of the investments include the Eswatini Association of Savings and Credit Cooperatives (ESASCCO) building, Mbabane residential apartments, Hilton Garden Inn, Oncology Centre in Manzini, Future Green initiatives and other general investments.
Addressing members of the Editor’s Forum on Thursday evening at Ingcamu Building, PSPF CEO Masotja Vilakati said the organisation invests broadly in the Eswatini economy including fixed-income instruments and properties to contribute to national development and the socio-economic well-being of the country.
“There is a positive growth projection of the fund, which has come as a result of various interventions that have been implemented on the operational process of the organisation
. PSPF’s drive is to continuously serve our members with service excellence as promised in our motto to Provide An Excellent and Memorable Retirement Experience. Our members’ satisfaction and serving them is our biggest success,” he said.
Vilakati added: “For over 30 years, the Fund’s vibrant and diverse investment portfolio has contributed directly to the socio-economic development canvas.
As of 31 March 2025, the Fund had invested 44 per cent (E15 billion) of its total assets within the Kingdom of Eswatini. Assets invested locally are managed both internally by the Fund through local Asset Managers.”
Vilakati also revealed that their 41,831 Civil Servants members contribute about E1.4 billion in a year, while the Fund has paid out slightly over E1.6 billion.
“This also shows that we pay out more than the contributions if you consider that in 2025, the contributions were E1.4 billion, but the money we paid out to members was E237 million more.
That’s why we say the ENPF conversion bill will deplete the benefits for our members because there is no new budget for pensions from the government,” Vilakati said.
